Statement by the President on the Report of the Commission on Enhancing National Cybersecurity

In February of this year, I directed the creation of a nonpartisan Commission on Enhancing National Cybersecurity, charging it with assessing the current state of cybersecurity in our country and recommending bold, actionable steps that the government, private sector, and the nation as a whole can take to bolster cybersecurity in today’s digital world. Yesterday, the members of the Commission – leaders from industry and academia, many with experience in government – provided their findings and recommendations to me. And earlier today I met with the Commission’s Chair, Tom Donilon, to discuss how we as a country can build on the Commission’s work and enhance our cybersecurity over the coming years. I want to thank the Commission members for their hard work and for their thoughtful and detailed recommendations. I am confident that if we implement the Commission’s recommendations, our economy, critical infrastructure, and national security will be better equipped to thrive in the coming years.

The Commission’s report makes clear that cybersecurity is one of the greatest challenges we face as a nation. That is why I have consistently made cybersecurity a top national security and economic security priority, reflected most recently by the Cybersecurity National Action Plan I announced in February and my 2017 Budget, which called for a more than 35 percent increase in Federal cybersecurity resources.

Our experienced and knowledgeable team of attorneys and compliance professionals help CFOs, risk managers and compliance officers nationwide stay up-to-date with consumer and regulatory requirements across the entire financial institution